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MCU
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Members borrowing up to their share balance

Premier Loan

Our lowest rate. Keep your savings invested, borrow against them.

Best for: When dividends on your savings outpace the cost of borrowing.

Why members choose this loan

  • Borrow up to 100% of the shares you hold

  • Keep accruing the annual dividend on your savings

  • Among the cheapest credit on the Island

What to expect

Pay the loan off early whenever you like — there is no early-repayment charge.

  • 01Apply online with your Member Number, or in person on Peel Road.
  • 02We share a pre-contract credit disclosure with your monthly repayment, total cost of credit, and the representative APR.
  • 03You confirm, and we pay the funds into your bank account.